EUR/USD continues to dig lower and is getting close to the round 1.40 level. Will it break below the long term range? The reasons for the current fall are quite wide. 7 Reasons for the downfall. Euro/dollar doesn’t take a vacation on Labor Day. The thin volume just exacerbates the situation. Merkel’s defeat: The German chancellor’s CDU party was hit in local elections held in Merkel’s home state. This shows disapproval for her government’s move. Finland doesn’t let go: The northern country is looking for a compromise but isn’t willing to retreat on the demand to receive collateral from Greece. This can trigger a ... (full story)